Union minister of state for commerce and industry Jitin Prasada stated in the Parliament that in 2024-25, India's total export of leather, leather products and footwear was $4,828.97 million. Of this, 35.17% or $1,698.59 million worth of exports went from Tamil Nadu alone.
A dedicated policy of allocating capital through NIIF or similar institutions to private equity funds focused on key manufacturing sectors in India, with an explicit mandate of funding primary capex and M&A in small and medium enterprises, may be the solution.
The company is one of the three selected under the production-linked incentive scheme to produce solar modules in the country. In India, the firm will continue to cater to power utilities instead of B2C companies. Ghosh hopes to significantly localise component supply chain by the end of 2025.
Junior employees get more time to meet the Sebi requirement. But there’s a better solution to ensure fund managers perform
Shares in wireless carriers Bharti Airtel and Vodafone Idea were up more than 3% at 0745 GMT on the news.
After petrol and diesel, buying and paying for cooking gas (LPG) online will get consumers a discount of Rs 5 per cylinder.
In what would be one of the highest payouts in India Inc, Aditya Ghosh, President and Wholetime Director, InterGlobe Aviation, bagged a whopping Rs 21-crore one-time incentive, along with 7 lakh shares, for the fiscal year ended March 31, 2016.
Government's latest package for the textile sector is likely to improve the competitiveness of the country's exports but achieving the target of USD 43 billion of apparel exports by 2018 remains a challenge, ratings agency ICRA said.
In order for companies to take to shipments over water, the government went ahead and said it would offer an incentive of Rs 1 per tonne per kilometer of cargo to them. But freight owners who are more used to roads will have to pay a small price for it.
Speaking to CNBC-TV18, Anant Gawande, chief financial officer, Talwalkars says the occupancy rates are the highest in first 15 days of the year and most renewals too take place in the same month.
The definition of income has been amended to include any subsidy, grant, waiver, cash incentive or similar assistance. This has been a vexed issue for long.
Terming as "fair" the power draft regulations put out by it recently, Central Electricity Regulatory Commission (CERC) Chairman Gireesh Pradhan said the rationale behind the draft was to tighten operational norms for power companies.
Abhineet Anand, Power Analyst, Quant Capital, spoke with CNBC-TV18 on the impact of the CERC draft regulations on NTPC and other power companies.
Nasdaq-listed IT firm Cognizant today said it will pay its senior executives 100 per cent performance-linked stock options if the company's revenues touch USD 8.51 billion in fiscal year 2013.